Industrial Polyglycolic Acid (PGA) XX CAGR Growth Outlook 2025-2033

Key Insights

The Industrial Polyglycolic Acid (PGA) market size was valued at USD 729 million in 2025 and is projected to grow at a CAGR of 8.5% during the forecast period of 2025-2033. The growth of the market is attributed to the increasing demand for PGA in various applications such as oil and gas, packing industry, and others.

Major drivers of the market include the growing demand for biodegradable and environmentally friendly materials, the increasing use of PGA in biomedical applications, and the expanding oil and gas industry. The market is segmented based on type, application, and region. The superior quality products segment is expected to dominate the market during the forecast period. The oil and gas industry segment is expected to hold the largest share of the market during the forecast period. The North America region is expected to dominate the market during the forecast period.

Industrial Polyglycolic Acid (PGA) Trends

The global industrial polyglycolic acid (PGA) market is poised to reach USD 1,239.2 million by 2028, exhibiting a CAGR of 6.3% during the forecast period (2022-2028). The market growth is primarily driven by the increasing demand from the oil and gas industry. PGA is used as a biodegradable, water-soluble polymer for oilfield applications. It is used in drilling and cementing operations as a suspending agent, friction reducer, and viscosifier. The demand for PGA is also growing in the packaging industry, where it is used as a biodegradable, compostable film for food and beverage packaging.

Driving Forces: What's Propelling the Industrial Polyglycolic Acid (PGA)

The key factors driving the growth of the industrial PGA market include:

• Increasing demand from the oil and gas industry for PGA as a biodegradable, water-soluble polymer for drilling and cementing operations.
• Growing demand from the packaging industry for PGA as a biodegradable, compostable film for food and beverage packaging.
• Government regulations and environmental concerns promoting the use of biodegradable polymers.
• Technological advancements leading to the development of new PGA applications.

Challenges and Restraints in Industrial Polyglycolic Acid (PGA)

The industrial PGA market faces certain challenges and restraints, such as:

• High production costs compared to traditional polymers.
• Limited availability of PGA feedstock.
• Concerns about the biodegradability of PGA in certain environments.

Key Region or Country & Segment to Dominate the Market

The Asia-Pacific region is projected to dominate the industrial PGA market, accounting for a significant share of the global revenue during the forecast period. The growth in this region is primarily attributed to the increasing demand from the oil and gas industry in China and India.

The "Superior Quality Products" segment is expected to witness the fastest growth during the forecast period. This growth is attributed to the increasing demand for high-quality PGA products that meet the stringent requirements of the oil and gas industry.

Growth Catalysts in Industrial Polyglycolic Acid (PGA) Industry

The growth of the industrial PGA market is expected to be catalyzed by the following factors:

• Rising environmental concerns and government regulations promoting the use of biodegradable polymers.
• Technological advancements leading to the development of new PGA applications.
• Increasing investment in research and development of PGA-based products.

Leading Players in the Industrial Polyglycolic Acid (PGA)

• Kureha
• Shanghai Pujing Chemical
• Shenzhen Polymtek Biomaterial
• Danhua Technology
• CHN Energy (Shannxi)
• Sinopec (Guizhou)
• Sinopec (Hubei)
• CHN Energy (Mengxi)
• Inner Mongolia Jiutai
• Anhui Haoyuan

Significant Developments in Industrial Polyglycolic Acid (PGA) Sector

• In 2022, Kureha announced the expansion of its PGA production capacity in Japan to meet the growing demand from the oil and gas industry.
• In 2021, Shanghai Pujing Chemical launched a new PGA product line for the packaging industry.
• In 2020, Shenzhen Polymtek Biomaterial announced the development of a new PGA-based biocomposite for automotive applications.

Comprehensive Coverage Industrial Polyglycolic Acid (PGA) Report

This report provides a comprehensive analysis of the global industrial PGA market, covering key trends, drivers, challenges, and opportunities. The report also provides detailed segmentation data, regional analysis, and competitive landscape analysis.

Industrial Polyglycolic Acid (PGA) Segmentation

• 1. Type
  • 1.1. Superior Quality Products
  • 1.2. Qualified Products
  • 1.3. World Industrial Polyglycolic Acid (PGA) Production
• 2. Application
  • 2.1. Oil and Gas Industry
  • 2.2. Packing Industry
  • 2.3. Others
  • 2.4. World Industrial Polyglycolic Acid (PGA) Production

Industrial Polyglycolic Acid (PGA) Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific